Allezoe Medical Holdings (OTC: ALZM) spiked more than 15% today on word the company has acquired Organ Transport Systems Inc. (OTS) from Healthcare of Today Inc. Allezoe engages in the developing, patenting and marketing of biomedical devices used for human organ transplantation. The company has several products in its portfolio ranging from portable hypothermics to [...]
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Ener1 Barrels through Friday Trading on Solid Q4 Results
Ener1 (NASDAQ: HEV) launched into a morning of trading gains after reporting that revenues for the fourth quarter surged 202% to $33.1 million from $11.0 million in the prior year quarter. The gross profit margin improved to 25.8% in the fourth quarter, up from 9.8% in the fourth quarter of 2009. For the full year, [...]
Hot Biotech Stock; FDA Approval, Q4 Results Boost Human Genome to the Top
Shares of Human Genome Sciences (NASDAQ: HGSI) easily shrugged off losses in the biotech industry today after it and co-developer GlaxoSmithKline (NYSE: GSK) announced that the FDA approved BENLYSTA for the treatment of lupus. Benlysta is expected to be available to physicians and patients before the end of March 2011, and industry analysts are throwing [...]
Top Small-cap Play; Hercules’ Q4 Results Boost Shares
Hercules Offshore Inc. (NASDAQ: HERO) shares gained nearly 10%, trading at$5.90 in today’s mid-day trading after it posted a wider loss for the fourth quarter, hurt by impairment charges on property and equipment. The company reported a net loss of $(84.6 million) or $(0.74) per share for the fourth quarter, increased from the loss of [...]
Cheap Stock Skyrockets; Attitude Drinks Spotlight
Attitude Drinks Incorporated (OTC: ATTD) shares are soaring in today’s trading after the company launched its Phase III Recovery Drink in the New England market in association of Entercom Boston. With the partnership of Entercom, Phase III will be associated with sports teams including, the Red Sox and the Celtics reaching more than 10 million [...]
Biotech Hot Stock on the Move; CADX
Cadence Pharmaceuticals Inc. (NASDAQ: CADX) reported wider net loss for the fourth quarter as compared with the comparable period previous year. The company reported fourth-quarter net loss of $18.8 million, or $0.33 per share as compared to a net loss of $15.3 million, or $0.30 per share, for the comparable period in 2009. The operating [...]
Hot Stock Alert – News Corp. in the News for Acquisition Approval
News Corporation (NASDAQ: NWSA) announced that the UK government approved its proposed GBP7.8 billion takeover of British Sky Broadcasting Group after the media giant agreed to spin off the 24-hour news channel, Sky News, into a separate company to avoid a prolonged investigation by the nation’s competition regulator. The deal is expected to add BSkyB’s [...]
Finance Stock Earnings Review; HSBC Holdings
HSBC Holdings plc (ADR) (NYSE: HBC) reported increase in profit for the fiscal year 2010, helped by higher net operating income, operating profit and share of profit in associates and joint ventures. The company reported profit of the parent company grew to $13.2 billion from $5.83 billion year ago. The earnings per share were $0.73 [...]
Alanco Soars after Agreeing to Sell Subsidiary
Alanco Technologies Inc. (NASDAQ: ALAN) stock gapped up today with its definitive agreement to sell its subsidiary, StarTrak Systems, to ORBCOMM for approximately $19.7 million. The total acquisition consideration includes cash, ORBCOMM stock and assumed debt, including a potential earn out of up to $1.2 million. The transaction is expected to close early in the [...]
Shipping Stock on Watch; DryShips Inc.
DryShips Inc. (NASDAQ: DRYS) recently announced that its subsidiary Ocean Rig UDW entered into a drilling contract for its third drillship newbuilding Ocean Rig Poseidon. As part of this agreement, the Leiv Eiriksson will be released early from the existing contract and will be made available in Q2 2011. The firm contract period is for [...]
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